Trading Block: VIX ends near the top of the range. It was up to 13.05 at its highest. Tesla down 7.2% yesterday, due to concerns of slowing Model S and Model X sales. The numbers are out: OCC announced today that cleared contract volume in June reached 387,597,223 contracts, a 2% increase from the June 2016. Odd Block: TSLA Jan 2019 50 puts and Jan 2018 20 puts continue to trade. Back and forth trading in Tesla Motors (TSLA). Puts trade in LG Display Company LTD. (LPL) Strategy Block: Uncle Mike...
Jul 07, 2017•1 hr
Originally posted on February 19, 2016 Trading Block: Welcome to our 500th episode. Today's special panel includes: Mark Sebastian, Mike Tosaw, Andrew Giovanazzi, and our most beloved former panelist Alex "The Viceroy" Jacobson. They discuss: How many exchanges are too many exchanges? Options Insider question of the week The SEC Citadel Transaction fees Talking free of compliance issues And so much more... Odd Block: Rolling calls in Coca-Cola Company (KO), calendar spreads trade in Time Warner ...
Jul 04, 2017•1 hr 20 min
It's all strategy in this abridged episode of the Option Block. Today, uncle Mike discusses what you an do when you're not connected to your computer, including: Take your mobile device with you Have the phone number for the trading desk Contingent orders and alerts Why not to have a limit order on a contingency Setting alerts
Jun 30, 2017•9 min
Trading Block: Wall St. boosted by tech stocks, rebound in oil prices ; Bitcoin Tumbles to Lowest Level in More Than a Week Odd Block: Put buying in Darden Restaurants (DRI), put spreads trading in iShares MSCI Taiwan Index (EWT) and puts trading in Iridium Communications (IRDM) Mail Block: Options Question of the Week 1 Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last weeks aggressive downturn? Too Volatile, I am out I am still bullish I want ...
Jun 27, 2017•1 hr
Trading Block: Taking the weekend out of the market. Biotech and the effect of the AHCA bill. Crude and the energy section taking it on the chin. Odd Block: Puts trade in Plains All American Pipeline, L.P. (PAA) call spreads trade in Praxair, Inc. (PX). Strategy Block: Mike discusses trading size and closing positions. Mail Block: Listener Questions and Comments Question from Frank C. - Can you do a review of second order Greeks and when to use them? Thanks. Question from ZX45 - Is now actually ...
Jun 23, 2017•58 min
Trading Block: Green screens. Did we turn a corner? Channeling Don S. Do we have a lack of shellac? AMZN needs WFM to grow? Everyone wants to be everything. Mike's disclosure moment. Odd Block: Puts trade in Marriott Vacation Club (VAC), puts roll in Alerian MLP (AMLP) and put buying in Pattern Energy Group (PEGI). Mail Block: Options question of the week Everyone is talking about #Bitcoin #Volatility these days. Where do you stand on #Bitcoin after last week's aggressive downturn? Too Volatile ...
Jun 20, 2017•1 hr 4 min
Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb. Odd Block: Puts trade in Tesla Motors (TSLA), puts roll in Yamana Gold Inc (AUY) and puts trade in Accelerate Diagnostics, Inc. (AXDX). Strategy Block: Uncle Mike Tosaw discusses closing out long SPY call spreads Mail Block: VIX Limbo Last Month 40+% of you said $VIX wouldn't break 9 in 2017. B...
Jun 16, 2017•1 hr 2 min
Trading Block: What is up with VIX today? NASDAQ sells off, S&P not so much, VIX pops. How low should VIX go? Are you in the Goldman camp or the Barclay's camp? Gaming segment hot today. Big news out of the E3 show. MSFT: $69.71 - .8%. Company too big to move much on gaming news. Sony (SNE): Unchanged. Slight adv pop - about 2.5X EA: $108.90 - off over 1% TTWO: $73.83 - Off 2% ATVI: $56.76, off 2.2% Odd Block: Puts trade in Technology Select Sector SPDR Fund (XLK), calls trade in United Parc...
Jun 13, 2017•1 hr 2 min
Trading Block: Comey talks before the Senate - the markets shrug. VIX still in double digits, barely. Silver and Alibaba. Odd Block: Puts trade in Tesla Inc. (TSLA), calls trade in CIT Group Inc. (CIT). Strategy Block: Mike discusses the importance of having different strategies for different underlying, in similar scenarios. Mail Block/Options Question of the Week: Weird Fact: #1 $TSLA position= 26,760 Jan 2019 50 P. Weird Fact #2: 10k OI added in last 2 months (200 today). Why buy these puts? ...
Jun 09, 2017•59 min
Trading Block: VIX at 960! The VIX is back to flirting with its lowest levels ever. Keep an eye on APPL. The World Wide Developer Conference begins this week. The year-to-date performance of Apple, Amazon, Netflix and FB is +34% right now. Odd Block: Calls trade in Cenovus Energy Inc. (CVE), puts and calls trade in Dynavax Technologies Corp. (DVAX) and calls trade in MSCI Hong Kong Index (EWH) , update from 4/3/17. Mail Block: Options Question of the Week Weird Fact: #1 $TSLA position= 26,760 Ja...
Jun 06, 2017•1 hr
Trading Block: Today we welcome guest co-host Matt Amberson from ORATS. AMZN finally hits $1000. Who is next? Google? Do we need to bring back mini options with all of these high-priced stocks? The crude rally continues. Odd Block: TSLA Options Tracker: Guess what the number one position in Tesla is right now? Calls trade in Taubman Centers (TCO). Strategy Block: Mike discusses his SPY diagonal spread trade put on last week. Mail Block/Options Question of the Week: AMZN just hit $1000. Will GOOG...
Jun 02, 2017•1 hr 4 min
Trading Block: A Retail Resurgence: Best Buy (BBY) - close $50.42, ATM straddle $4, approx. 8%. Earnings: Amazon, ULTA, Costco, GameStop. Odd Block: Call spread buying in Southwestern Energy Corporation (SWN), calls buying in Macerish Co (MAC), puts and stock buying in Omega Healthcare Investors (OHI) Strategy Block: Mike discusses what you can do to sell premium in this market environment. Mail Block: Options Question Of The Week: $VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15...
May 26, 2017•1 hr 2 min
Trading Block: Earnings highlights include Lowes (Wednesday), Best Buy, Costco, TD Ameritrade, GameStop (Thursday). Odd Block: Calls trade in Pandora Media Inc. (P), calls trade in Energy Transfer Equity LP (ETE) and calls trade in MGM Resorts Int. (MGM). Mail Block: Questions. Comments. More Options Question Of The Week: $VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade? Buy 13 Call for $.15 Buy 11 Put for $.15 Sell 13 Call for $.15 Sell...
May 23, 2017•1 hr 3 min
Trading Block: Still in earnings season. Yesterday: Target, Cisco. Today: Alibaba, Walmart, Gap. GAP (GPS) - $23.13, ATM Straddle: $1.85, approx. 8% BABA - $120.72, ATM Straddle $6, approx. 5% Dow moves higher amid Trump fears following worst drop of year The Volatility Buyer Known as '50 Cent' Just Had a Huge Payday Odd Block: Calls trade in Pandora Media Inc (P), calls trade in SBA Communications Corp (SBA) and calls trade in Kimberly Clark Corp (KMB) Strategy Block: Mike discusses his adjustm...
May 19, 2017•1 hr 3 min
Trading Block: A bull rally in the market. A short breakdown of the OIC 2017 Conference in Scottsdale, AZ. Earnings Highlights: Tuesday - Home Depot Wednesday - Target Thursday - Alibaba, Walmart, Gap Odd Block: Calls trade in Fairmount Santrol Holdings (FMSA), calls trade in Ocwen Financial Corp (OCN) and calls trade in Home Depot Inc (HD). Mail Block: Questions, comments, polls and more. Options Question of the Week: Still a lot of big names reporting in earnings season. Which ones are on your...
May 16, 2017•59 min
Trading Block: Yesterday's earnings: SNAP. Today's Earnings: Macys, Kohls, Nordstrom. Strategy Block: Uncle Mike Tosaw discusses horizontal ratio spreads Mail Block: Listener questions and comments Options Question Of The Week: This volatility implosion is starting to make people nervous. $VIX #Limbo Time: How Low Can It Go in 2017? 9.0 is the bottom (38%) No lower than 8.5 (18%) Cannot get below 8.0 (15%)
May 12, 2017•38 min
Trading Block: VIX near the single digits at the 10 handle. Is the VIX too low? Earnings: Tesla, Facebook, Disney and EA. Odd Block: Puts trade in iShares MSCI Germany Index (EWI), call buying in JD.com Inc (JD) and calls trade in iShares MSCI South Korean Index (EWG) Mail Block/Weekend Flash Poll: These are crazy times for all markets from commodities to equities and volatility. Which crazy level will we hit first? VIX Below 9 SPX Above 2500 WTI Below 40 AAPL Above $160 Listener Question: Quest...
May 09, 2017•1 hr 1 min
Trading Block: The Trumpcare bill and French election, how might they affect vol? Tesla: Close - $311, ATM Straddle - $17, approx. 5.5%. Stock off over $20 at the lowest point today, closing off nearly 5%. FB: Close - $151.80, ATM Straddle - $5.63, approx. 3.7% Facebook grew its revenue by 49% during the first three months of the year. Thank you to Steve A for the fan art ! Odd Block: Calls trade in Whiting Petroleum Corp (WLL), puts trade in Alerian MLP Index (AMJ) and puts trade in US Silica H...
May 05, 2017•59 min
Trading Block: Green on the screen for the NASDAQ. Looking ahead to AAPL earnings. CNBC's Mr. Wonderful is loving AAPL right now. OCC cleared contract volume down 6% year over year. Odd Block: Review of MGM time stupid from last week, puts trade in NBR, calls trade in CBI, and put buyers in NBL. Mail Block/Options Question of the Week: #Earnings #PopQuiz - $AAPL $146.50, #Weekly strad. $5 (3.5%). IV30 = 21%, Weekly 155 Call= $.27, 138 Put = $.27 Would you rather? Buy Straddle/Iron Fly Sell Strad...
May 02, 2017•1 hr 2 min
Trading Block with very special guest co-host: Henry Schwartz, Trade Alert Earnings today after the bell: Alphabet/GOOGL - $889, ATM Straddle - $29, approx. 3.2% Amazon - $921.50, ATM Straddle - $37.50, approx. 4% Intel - $37.25, ATM Straddle - $1.20, approx. 3.2% Starbucks - $61.75, ATM Straddle - $2.40, approx. 4% Odd Block: Calls trade in Applied Optoelectronics Inc. (AAOI), calls trade in Nabors Industries Ltd (NBR), and calls trade in Yandex NV (YNDX) Strategy Block: Uncle Mike Tosaw discus...
Apr 28, 2017•1 hr 2 min
Trading Block: Earnings today Alcoa: $33, ATM Straddle $2 - approx. 6% Chipotle: ATM Straddle $25.25, approx. 5.4% VIX 'fear' gauge plummets as French election results spark global relief rally. Odd Block: Calls and puts trade in GGP Inc. (GGP), puts trade in Excelon Corp. (EXC) and calls trade in MGM Resorts Intl. (MGM). Mail Block: QuestionoftheWeek: Earnings Season is upon us. Big names are reporting soon. Which is your pick for the largest % move post-earnings? $AMZN $GOOGL $CMG $MSFT Listne...
Apr 25, 2017•1 hr 1 min
Trading Block featuring guest co-host Jill Malandrino, Global Markets Reporter NASDAQ. The brand spanking new PHLX trading floor. SPX and the VIX North Korea and Trump meeting Italian PM Odd Block: Call rolls trade in Walmart (WMT), puts trade in Bank of America (BAC) and ratio call spreads trade in Starbucks (SBUX) Strategy Block: Uncle Mike Tosaw discusses the importance of gamma. Around the Block: What are we looking at that might move the markets next week?...
Apr 21, 2017•1 hr
Trading Block: VIX preparing for the French election. Earnings today (after the bell): United Airlines - $UAL - 70.37USD, Price increase 1.29 (1.87%), ATM Straddle - $2.50, approx. 3.5% Netflix - $NFLX, 146.56USD Price increase 3.64 (2.55%), ATM Straddle - $12, approx. 8% Odd Block: Call spread selling in Thor Industries Inc. (THO), call buying in Texas Instruments Inc. (TXN), and put spread buying in SPDR Euro STOXX 50 ETF (FEZ). Mail Block/Options #QuestionOfTheWeek With $TSLA threatening $315...
Apr 18, 2017•1 hr 3 min
Trading Block: Today we have very special guest co-hosts: Nick Howard, QuickStirke. Ophir Gottlieb, CMLVIZ.com VIX blowing out the down side MOAB bomb drops Commodity update Uncle Mike's silver collar Odd Block: Puts trade in iShares Barclays 7-10 year bond ETF (IEF), puts trade in Hanesbrands Inc (HBI), calls trade in Whiting Petroleum Corp (WLL). Strategy Block: Uncle Mike Tosaw discusses trading over a long weekend. Mail Block/Options #QuestionOfTheWeek With $TSLA threatening $315 how are you...
Apr 14, 2017•1 hr 5 min
Trading Block: Tesla is now more valuable than GM. Odd Block: Calls trade in MOMO Inc. (MOMO), calls trade in SunPower Corp. SPWR and calls trade in First Solar, Inc. FSLR. Mail Block/Options QuestionOfTheWeek With $TSLA threatening $315 how are you leaning in your #Options trades this month? Would you rather: Buy 1-month $300 put Buy 1-month $300 call Sell 1-month $300 put Staying far away from it Around the Block: What is lighting up our trading screens for the coming week?...
Apr 11, 2017•1 hr 4 min
Trading Block: The 100-year anniversary of the vote to join WWI. VIX pops after Syrian attack. Valeant Pharmaceuticals International, VRX + $0.16 to $9.66. Odd Block: Puts trade in iPath S&P 500 VIX Short Term Future ETN (VXX), puts trade in Ford Motor Co. (F) and calls trade in JetBlue Airways Corp (JBLU). Strategy Block: Uncle Mike Tosaw discusses his most recent trade in SPY. Mail Block: #Options #BrokerMadness WINNER IS - Lightspeed Around the Block/This Week in the Market: Apr 7: Unempl...
Apr 07, 2017•58 min
Trading Block: New 52-week highs (132 new highs today): Amazon Inc. (AMZN + $2.62 to $889.16), Red Hat Inc. (RHT + $0.88 to $87.33), Veeva Systems Inc. (VEEV + $0.01 to $51.29), Tesla (TSLA + $11. 11 to $289.41). Tesla Inc is now more valuable than Ford Motor Company, and could very well surpass General Motors Company this week. General Motors Co. (GM - $1.55 to $33.81), Ford Motor Company (F - $0.34 to $11.30). Odd Block: Calls trade in iShares MSCI Hong Kong Index (EWH), puts trade in Fitbit I...
Apr 04, 2017•1 hr 4 min
Trading Block: AAPL records. LULU craps the bed. Stock market climbs after economic data, with banks in lead. Tesla produces more PR noise. Odd Block: Calls trade in ConocoPhillips (COP), puts trade in Lululemon Atheltica Inc (LULU) and call trade in CIT Group (CIT) Strategy Block: Uncle Mike Tosaw discusses Roth IRA vs a traditional IRA Around the Block/This Week in the Market: Mar 31: Personal Income, Consumer Sentiment
Mar 31, 2017•57 min
Trading Block: Vol skew gets dumped. Should technical analysis be applied to VIX? Stock-market fear threatens a return, as Dow stares at longest losing streak in 6 years. Odd Block: Puts trade in SPDR KBW Regional Banking (KRE), puts trade in GoldCorp (GG), puts trade in Bank of New York Mellon Corp (BK) Mail Block: Quizzes, question and more. Options #BrokerMadness tournament going on now. Current #Options #BrokerMadness battle (Monday/Tuesday). @OptionsHouse v. @TradingBlock https://twitter.co...
Mar 28, 2017•1 hr
Trading Block: Earnings today - GameStop (GME). Why the bull run will stay in great shape even as the health bill troubles traders. Odd Block: Calls roll in Fireeye Inc (FEYE), calls trade in Vale SA (VALE) and calls trade in GGP Inc. (GGP). Strategy Block: Uncle Mike Tosaw discusses his latest put spread trade. Mail Block: Quizzes, questions, comments and more. With $SKEW so high we all need to prepare for the impending #ZombieApocalypse. What's your #Zombie weapon of choice? Sword/Axe Club/Ham...
Mar 24, 2017•1 hr
